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Forex Trend Analysis Report

Prepared for you on Sunday, February 25, 2024.

Swedish Krona/Brazilian Real (FOREX:SEKBRL)

Long-Term Uptrend (+90) - SEKBRL is in a strong uptrend that is likely to continue. While SEKBRL is showing intraday weakness, it remains in the confines of a bullish trend. Traders should use caution and utilize a stop order.

Is it time to buy, sell, or avoid SEKBRL?

MarketClub looks at technical strength and momentum to determine if the timing is right for SEKBRL.

Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.

FOREX_SEKBRL
Open High Low SEKBRL Price Change
0.48123793 0.48431416 0.47952692 0.48288175 +0.00164400
Entry Signal

MarketClub’s Trade Triangles for SEKBRL

long term up The long-term trend has been UP since Oct 6th, 2023 at 0.47256602

intermediate term up The intermediate-term trend has been UP since Feb 22nd, 2024 at 0.47936837

short term up The short-term trend has been UP since Feb 22nd, 2024 at 0.47857596

Smart Scan Analysis for SEKBRL

Based on our trend formula, SEKBRL is rated as a +90 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+90
Smart Scan Analysis for SEKBRL
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
0.48123793 0.48431416 0.47952692 0.48288175 +0.00164400
Prev. Close Volume Bid Ask Time
0.48123793 2024-02-23 17:03:57
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